Settings8H · net · $10k
Funding arb · Price arb /

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Polymarket Perps against KuCoin0.000%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1531.528% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.051%−$5 on $10k
Price spread, last 4 days (all we have)−0.018%−$2 · spread now 0.000%, 7d avg +0.013%
Together, before fees−0.069%−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BABAUSDTM117.180.0100pay 0.0100% / 8h6h 34m$610K$532K20x
ShortPolymarket Perps BABA-USD117.180.0050get 0.0006% / 1h34m 30s$10K$264K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$10.5
Price spread: 0.000% → +0.013%
−$1.33
Slippage, 4 orders
−$132.79
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$164.62
Costs to cover
1.528%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Polymarket Perps: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago23.02 bp89.7 bp −$90doesn't fitdoesn't fitdoesn't fit
Sell Polymarket Perps live order book, 33 min ago2.57 bp7.4 bp −$77.4 bp −$74doesn't fitdoesn't fit

BABA on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BABAUSDT0.0000%8h117.21+0.029%$77K$27K20xas long as short
Bybit BABAUSDT0.0000%8h117.25+0.060%$2.2M$584K25xas long as short
Gate BABA_USDT0.0000%8h117.23+0.043%$1.4M$1.5M50xas long as short
Bitget BABAUSDT0.0000%8h117.24+0.051%$2.5M$1.3M20xas long as short
SunX BABA-USDT0.0000%8h117.23+0.043%$1K$4.0M20xas long as short
HTX BABA-USDT0.0000%8h117.03−0.128%$37K$2K20xas long as short
Lighter BABA+0.0032%1h117.36+0.154%$387K$44K10xas long as short
Lighter RH BABA+0.0032%1h117.16−0.017%$423K$497K10xas long as short
Injective BABA/USDC PERP+0.0033%1h115.84−1.144%$11K$26K12xas long as short
QFEX BABA-USD+0.0035%1h117.21+0.026%$1.2M$4.6M10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BABA-USD+0.0040%1h117.20+0.017%$74K$101K10xas long as short
Vest BABA-USD-PERP+0.0046%1h117.19+0.009%$18K10xas long as short
tradeXYZ xyz:BABA+0.0050%1h117.15−0.026%$12.2M$3.4M10xas long as short
Polymarket Perps BABA-USDshort+0.0050%1h117.180.000%$10K$264K10x
Ondo Perps BABA-USD.P+0.0050%1h117.13−0.043%$241K$369K10xas long as short
GRVT BABA_USDT_Perp+0.0061%8h117.26+0.069%$3K$229K10xas long as short
KuCoin BABAUSDTMlong+0.0100%8h117.18long leg$610K$532K20x
Orderly PERP_BABA_USDC_mythos+0.0100%8h117.21+0.026%$1K$1K10xas long as short
Variational Omni BABA+0.0164%8h117.28+0.087%$272K$650Kas long as short
Phoenix BABA+0.0205%1h117.33+0.128%$66K$71K10xas long as short
Binance BABAUSDT+0.0213%8h117.23+0.042%$15.5M$23.1M20xas long as short
Extended BABA_24_5-USD+0.0216%1h117.21+0.023%$43K$366K10xas long as short